Essay on Country Profile Report
South Korea is a country that has developed into one of Asia's most wealthy countries since partition in 1948. The Republic of Korea was proclaimed in August 1948 and received UN-backed support from the US after it was invaded by the North in 1950.The Korean War ended in 1953 without a peace agreement, leaving South Korea technically at war for more than fifty years.
Gross Domestic Product& National Income:
GDP in South Korea extended 0.90% in the fourth quarter of 2013 over the previous quarter. Gross National Product in South Korea decreased to 272550.50 KRW Billion in the third quarter of 2013 from 274333.70 KRW Billion in the second quarter of 2013.
The highest FIFA ranking was …show more content…
The industries include electronics, telecommunications, automobile production, chemicals, shipbuilding, steel. Samsung and Hyundai are two good examples for heavy industry.
According to the statistics from CIA World Factbook, 6.9% of occupation is about agriculture, 23.6% is about industry and 69.4% is about services. This entry lists the occupational distribution in South Korea. People can get to know that it is a country which is more developed in the tertiary industry.
$557.3 billion in 2013 and country comparison to the world is No.7. It was 547.9 billion in 2012. South Korean is a country who relies on exporting good and serves to grow the country economy. Hyundai and Samsung groups are the examples for the growth of family-owned industrial conglomerates that encouraged by the government-sponsored schemes in the following four decades. They export their products like cars and electronic goods to foreign countries.
$516.6 billion in 2013 and country comparison to the world is No.8. It was 519.6 billion. The main product that South Korean imports
Major Trading Partners:
Imports partners China occupied 15.55%, Japan occupied 12.39%, US occupied 8.34%, Saudi Arabia occupied 7.64%, and Qatar occupied 4.91%, Australian occupied 5% in 2012. Export partners include China (24.52%), US (10.68%), Japan (7.08%), Hong Kong (5.95%),